Multiple Choice
What is the amount of the foreign exchange gain or loss recognized on the 2016 Income Statement as a result of revaluing the loan payable?
A) A CDN$10,000 loss.
B) A CDN$5,000 loss.
C) A CDN$5,000 gain.
D) A CDN$10,000 gain.
Correct Answer:
Verified
Correct Answer:
Verified
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